Tellurian (NASDAQ:TELL) Shares Gap Up to $7.98

Tellurian Inc (NASDAQ:TELL) shares gapped up prior to trading on Wednesday . The stock had previously closed at $7.94, but opened at $7.98. Tellurian shares last traded at $8.08, with a volume of 39,362 shares traded.

Several research firms recently weighed in on TELL. Bank of America downgraded Tellurian from a “buy” rating to a “neutral” rating in a research note on Friday, August 23rd. BidaskClub raised Tellurian from a “strong sell” rating to a “sell” rating in a report on Tuesday, August 20th. Stifel Nicolaus cut Tellurian from a “buy” rating to a “hold” rating and cut their target price for the stock from $16.00 to $9.00 in a research note on Tuesday, July 16th. ValuEngine downgraded Tellurian from a “buy” rating to a “hold” rating in a report on Tuesday. Finally, Raymond James reduced their price target on Tellurian from $13.00 to $12.00 and set an “outperform” rating for the company in a report on Tuesday, August 27th. One analyst has rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $13.38.

The firm has a market capitalization of $1.98 billion, a P/E ratio of -14.41 and a beta of 1.75. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.16 and a current ratio of 1.16. The firm has a 50-day moving average of $6.53 and a 200-day moving average of $8.37.



Tellurian (NASDAQ:TELL) last posted its earnings results on Wednesday, August 7th. The oil and gas producer reported ($0.19) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.18) by ($0.01). The business had revenue of $5.33 million during the quarter, compared to the consensus estimate of $21.39 million. Tellurian had a negative return on equity of 48.80% and a negative net margin of 1,074.80%. The firm’s revenue for the quarter was up 555.6% on a year-over-year basis. During the same period in the previous year, the business posted ($0.17) EPS. On average, research analysts forecast that Tellurian Inc will post -0.63 EPS for the current fiscal year.

Several institutional investors have recently added to or reduced their stakes in TELL. Regal Wealth Group Inc. bought a new position in Tellurian during the 2nd quarter valued at about $32,000. Ladenburg Thalmann Financial Services Inc. raised its holdings in shares of Tellurian by 599.2% during the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 8,747 shares of the oil and gas producer’s stock valued at $69,000 after purchasing an additional 7,496 shares during the last quarter. Cubist Systematic Strategies LLC lifted its position in Tellurian by 11,423.7% during the second quarter. Cubist Systematic Strategies LLC now owns 11,178 shares of the oil and gas producer’s stock valued at $88,000 after purchasing an additional 11,081 shares during the period. Tranquility Partners LLC bought a new position in Tellurian during the second quarter valued at approximately $92,000. Finally, Aperio Group LLC purchased a new stake in Tellurian in the second quarter worth approximately $115,000. 21.73% of the stock is currently owned by institutional investors.

About Tellurian (NASDAQ:TELL)

Tellurian Inc plans to develop, own, and operate a natural gas business and to deliver natural gas to customers worldwide. The company is developing a portfolio of natural gas production, liquefied natural gas (LNG) marketing, and infrastructure assets that includes an approximately 27.6 million tons per annum LNG export facility and an associated pipeline in southwest Louisiana.

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